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Silver Price Forecast August 28, 2017, Technical Analysis

By: 
Christopher Lewis
Silver daily chart, August 28, 2017

Silver markets were very volatile during the day on Friday as several central bankers were speaking in Wyoming. This is not a huge surprise, and by the

Silver markets were very volatile during the day on Friday as several central bankers were speaking in Wyoming. This is not a huge surprise, and by the end of the day it looks as if we really didn’t go anywhere. We continue to for the $17 level, so I don’t think much has changed. Given enough time, I think it’s only a matter of time before the market should make a decision, but in the meantime, there’s not much to trade. Ultimately, this is a market that should continue to be very volatile, so I prefer to stay away from the supermarkets as they could cause quite a bit of trouble.

SILVER Video 28.8.17

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About the Author

Christopher LewisSenior Analyst

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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